Topic: What Is A Blockchain - page 9. (Read 1722 times)

blockchain is a public ledger consisting of blocks. Everyone can see what is inside the blocks, therefore it's completely transparent. It's the main technology behind the bitcoin currency.

is a hierarchical database that stores information in information blocks that are interconnected by encryption and expands over time. Each block of information contains initialization time information and is linked to the previous block with a time code and transaction data.

Blockchain isn't a single technology,rather it's an architecture that allows disparate users to make transactions and then creates an unchangeable record of those transactions.

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Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.

Block-chain
Is a digital ledger in any transactions are made of bitcoin or the other currency,recorded chronologically and publicly
The blockchain,originally block-chain is continuously the list of records,called blocks.

About blockchain is an integrated transaction logging technology with modern technology, which has a unique, irrevocable code that revolutionizes the workings of the Internet, banking and other things. comes from Block and Chain which each has its own meaning. Block is a special limitation to accommodate all transaction changes that occur during the chain process. chain is a unique chain record and is the path of all consistent stages of a transaction. Advantages Data delivery occurs instantly and efficiently. All transactions and data storage are secure because they are replicated across the blockchain network so that to change one data the hacker must also change the same data across all other user's computers at the same time.

A blockchain is the world's leading software and it is decentralized, distributed, public digital records. It manage the database and developed as accounting method for virtual currency and it records the transaction between two parties chronologically and publicly. This record cannot be altered.

Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

Blockchain is the technology that runs Bitcoin.Blockchain is the concept and Bitcoin is the implementation.Blockchain is a public distributed database holding encrypted ledgers.Blockchain will do to Technology what the Internet did to Communication

Blockchain was first implemented in 2009, and was revolutionized with Blockchain 2.0 in 2014. Blockchain technology consists of blocks that hold transactions, where each block is interconnected through cryptography, thus forming a network.

Blockchain is the most popular ledger in all cryptocurrencies transaction. Blockchain is digital, decetralized, open ,public, distributed ledger. It is continuously growing list of record which is called blocks and it is linked using cryptography. It records the history transaction that happens between two parties.

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting.

Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications

The blockchain is a public ledger of information collected through a network that sits on top of the internet. It is how this information is recorded that gives blockchain its groundbreaking potential.

We can say that Bitcoin is the Blockchain, but on the other hand, the Blockchain Bitcoin does not can to be. Blockchain is a trading system integrated with a modern technology. We can move on Developement to a lot of progress through Blockchain. BTCBTCBTC

Blockchain is a public ledger that can be accessed by the public. Blockchain shows all the transaction data that ever happened inside the Bitcoin network. You can visit sites like blockchain.info which will make it easier for you to monitor what's going on inside the Bitcoin blockchain.

Block (a chain of blocks) is a distributed database, in which storage devices are not connected to a common server. This database stores an ever-growing list of ordered records, called blocks. Each block contains a timestamp and a link to the previous block

Most of the world of cryptocurrency technologies such as Bitcoin rely on a database form with the advantage of being able to track large and secure transaction volumes and the technology that many digital currencies use is Blockchain.

go to myetherwallet.com and just follow the popup , it will explain everything so simple that even i could understand what it is

Blockchain is pretty much a bunch of computers that use Blockchain technology. They work together to keep records of every single transactions per coin.